9 October 2023
Cake Box Holdings plc
("Cake Box" or the "Company" or the "Group")
Grant of LTIP Awards
Further to the Directors' Remuneration Report contained in the Company's 2022 Annual Report and Accounts published on 27 June 2023, the Board of Cake Box has approved the grant of a total of 716,900 performance shares ("LTIP Awards") to the following persons discharging management responsibility ("PDMRs") under the Company's 2019 Long Term Incentive Plan.
| Name of Director | Role | Number of LTIP Awards | Exercise price | Total LTIP Awards and options over ordinary shares |
| Sukh Ram Chamdal | CEO | 243,800 | £0.01 | 243,800 |
| Michael Botha | CFO | 330,000 | £0.01 | 330,000 |
| Jaswir Singh | CCO | 143,100 | £0.01 | 143,100 |
The LTIP Awards vest three years from the date of grant on a sliding scale subject to the EPS performance condition set out in the paragraph below. There is a minimum holding period of two years post vesting and the awards are subject to malus and clawback provisions.
25% of the LTIP Awards vest if an EPS of 14.00p is achieved in the third financial year starting from the financial year in which the date of grant occurs in. An additional 0.1% of the LTIP Awards vest for every 0.0033p achieved above an EPS of 14.00p, up to a maximum of 100% of the LTIP Awards granted if an aggregate EPS of 16.50p is achieved in the third financial year starting from the financial year in which the date of grant occurs in.
Further detail is set out in the PDMR disclosure table below
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Sukh Chamdal | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Director | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Cake Box Holdings plc | ||||
| b) | LEI | 213800HZ61RLHNSM2698 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument
Identification code | LTIP Awards - Options over Ordinary Shares in the Company
GB00BDZWB751 | ||||
| b) | Nature of the transaction | Grant of LTIP Awards | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information | N/A (single transactions) | ||||
| e) | Date of the transactions | 4 October 2023 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
|
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Michael Botha | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Director | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Cake Box Holdings plc | ||||
| b) | LEI | 213800HZ61RLHNSM2698 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument
Identification code | LTIP Awards - Options over Ordinary Shares in the Company
GB00BDZWB751 | ||||
| b) | Nature of the transaction | Grant of LTIP Awards | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information | N/A (single transactions) | ||||
| e) | Date of the transactions | 4 October 2023 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
|
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||
| a) | Name | Dr Jaswir Singh | |||||
| 2 | Reason for the notification | ||||||
| a) | Position/status | Director | |||||
| b) | Initial notification /Amendment | Initial notification | |||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
| a) | Name | Cake Box Holdings plc | |||||
| b) | LEI | 213800HZ61RLHNSM2698 | |||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||
| a) | Description of the financial instrument, type of instrument
Identification code | LTIP Awards - Options over Ordinary Shares in the Company
GB00BDZWB751 | |||||
| b) | Nature of the transaction | Grant of LTIP Awards | |||||
| c) | Price(s) and volume(s) |
| |||||
| d) | Aggregated information | N/A (single transactions) | |||||
| e) | Date of the transactions | 4 October 2023 | |||||
| f) | Place of the transaction | London Stock Exchange, AIM | |||||
For further information, please contact:
| Cake Box Holdings plc Sukh Chamdal, CEO Michael Botha, CFO
| Enquires via MHP |
| Shore Capital Stephane Auton Patrick Castle Fiona Conroy
| +44 (0) 20 7408 4090 |
| Liberum Capital (Joint Broker) Edward Thomas
| +44 (0) 20 3100 2000 |
| MHP Group Charlie Barker Robert Collett-Creedy Hugo Harris | +44 (0) 7834 623818 cakebox@mhpgroup.com |
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